ECB expects Spain to maintain growth rates

Mario Draghi, president of the European Central Bank, or ECB, expects that Spain will maintain its growth rates amid the continuation of the ongoing economic reforms.

In a press conference held in the German city of Frankfurt, Draghi considered Spain's reform to be "extraordinary" explaining that Spain is one of the countries that has implemented more reforms and achieved great success.

The ECB president refused to comment on the results of the recent Spanish general elections, as well as the ongoing negotiations to form a government and to elect a prime minister for the country.

The ECB board decided earlier to maintain interest rates at its all-time low of 0.05 percent.